The newest American office marks Avison Young's ninth location outside
of Canada and represents the next step in the firm's aggressive growth
and expansion strategy.

Effective immediately, industry veteran Joseph E. Kupiec joins Avison Young as a Principal and Managing Director of the Las
Vegas office to help launch the company's brokerage business in Nevada.
He was most recently Executive Vice-President, Managing Director of
Grubb & Ellis' Las Vegas office.

"Las Vegas is an important market for Avison Young as we expand our
activities in the Western U.S.," comments Rose. "The hiring of Joe
Kupiec is in line with our strategic plan to expand our commercial real
estate services with high-quality leaders across the nation. We are
excited to have Joe on board to develop and grow our presence in the
Las Vegas market. He has developed strong client relationships during
his career and is committed to providing clients with superior advisory
services. We are pleased to have him on our management team."

Rose says Avison Young is in the process of recruiting other senior
brokers and executives to fill the company's service-delivery needs
across the U.S., and that plans for the company include further
acquisitions and partnerships to grow the Avison Young brand
internationally. The company opened its first Western U.S. office in
August in Los Angeles.

Fueled by the success of its Canadian operation, Avison Young has been
pursuing an active acquisition and expansion strategy since late 2008.
Over the past three years, the company has grown from 11 to 25 offices
and from 300 to more than 800 real estate professionals across Canada
and the U.S.

"Joe Kupiec is a proven leader in the Las Vegas area and brings to
Avison Young a wealth of experience in office, retail, industrial and
multi-family management and leasing," says Earl Webb, Avison Young's President, U.S. Operations. "The opening of a Las Vegas
office is part of a much larger plan to be a very active player in key
Western U.S. markets. The Las Vegas market is especially important as
we build a national multi-family platform, and is also a market where
we intend to establish a retail, office and industrial management,
leasing and capital markets presence."

The new Las Vegas office will be located in the Hughes Center at 3753
Howard Hughes Parkway, Suite 200.

"Having worked with Mark Rose earlier in our careers, I am thrilled to
be reunited with Mark, a true visionary in our industry, and to join
the outstanding team he continues to assemble," says Kupiec. "In
addition, I look forward to helping lead the growth of Avison Young in
the Las Vegas market. Avison Young's commitment to its long-term growth
strategy and its vision to build the leading international commercial
real estate services firm is something I am excited to be a part of."

Kupiec continues: "To be joining a company that has fostered strong
relationships with many companies in North America, and to be working
alongside other innovative-thinking professionals across the country,
is something I very much look forward to."

With 23 years of experience in all aspects of the commercial real estate
industry, Kupiec joined Grubb & Ellis Las Vegas in 2002 as Executive
Vice-President and Managing Director. While directing all activities
relating to the firm, he expanded the company's investment,
multi-family, industrial, retail, land and management services
divisions during his tenure there.

Prior to Grubb & Ellis, Kupiec was Vice-President of Asset Management
for the Dunn Companies where he was responsible for guiding, directing
and coordinating all activities related to a substantial retail
portfolio. Prior to the Dunn Companies, Kupiec worked for the Howard
Hughes Corporation in the office and mixed-use division and was
responsible for operations management for the Hughes Center and Hughes
Airport Center properties.

Kupiec holds a Bachelor of Arts degree in psychology from Capital
University in Columbus, Ohio and an Associate of Arts degree in general
studies from Kent State University in Kent, Ohio. Membership
associations include: Nevada Development Authority (NDA); National
Association of Industrial and Office Properties (NAIOP); Building
Owners and Managers Association of Southern Nevada (BOMA);
International Council of Shopping Centers (ICSC); Las Vegas Chamber of
Commerce (LVCC); and City of Henderson Chamber of Commerce (HCC).

Founded in 1978, Avison Young is Canada's largest independently-owned commercial real estate services
company and the only national, Canadian-owned, principal-managed real
estate brokerage firm in the country. Headquartered in Toronto, Ontario
and ranked among Canada's leading national commercial real estate
organizations, Avison Young is a full-service commercial real estate
company comprising more than 800 real estate professionals in 25
offices across Canada and the U.S. The company provides value-added,
client-centric investment sales, leasing, advisory, management,
financing and mortgage placement services to owners and occupiers of
office, retail, industrial and multi-residential properties.